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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #41,721
  • Oct 18, 2007 1:01pm Oct 18, 2007 1:01pm
Quoting hellkkas
Hi markam..

If the DOW && S&P close positive, this its a up signal?

Thank you
I saw no sign of anything in the US market today. Like I said before, at this time, I look at what the yen has done since the asian market closed. Right now, UJ is down almost 100 pips from the previous Nikkei close. That will be very bearish for the asian stock market. It could translate to a bearish GJ. Maybe even that damn 235.5 I have been trying to get to all week.
  • #41,722
  • Oct 18, 2007 1:06pm Oct 18, 2007 1:06pm
Quoting markam
I saw no sign of anything in the US market today. Like I said before, at this time, I look at what the yen has done since the asian market closed. Right now, UJ is down almost 100 pips from the previous Nikkei close. That will be very bearish for the asian stock market. It could translate to a bearish GJ. Maybe even that damn 235.5 I have been trying to get to all week.
Hiya Markam,

I'm confused and I need your help. If the usd.jpy dropped so significantly in the hours preceeding US trading why didn't the DOW fall off the table? Please clarify.
  • #41,723
  • Oct 18, 2007 1:06pm Oct 18, 2007 1:06pm
hovering at 35 now what u thinkin here karmo

I have a daily 50ema at .21 do you think that this stops the push down?
  • #41,724
  • Oct 18, 2007 1:07pm Oct 18, 2007 1:07pm
Quoting markam
Nothing like a good rant to blow of some steam.
You are right, only because besides day trading I sometimes "venture", into an avanture, bored i guess, trying to outsmart the market, and also get sick of it once in a while. So, I think today, tomorrow almost could be the big day, I've accumulated quite a bit of shorts, too much, on the majors right near the top, this month was good, so what the hell I can risk some profit for a BIG< BIG payout, if it works out, but so far it's just tooth and nails. Back in July it worked, over 60% in 1 month, not bad for a day's work. Warning, very stupid and dangerous, don't try this at home, can blow your account to bits and pieces. I don't trade this on the main one, another one that I use in case I get bored...
  • #41,725
  • Oct 18, 2007 1:10pm Oct 18, 2007 1:10pm
Quoting haliker
hovering at 35 now what u thinkin here karmo

I have a daily 50ema at .21 do you think that this stops the push down?
no need to jump the gun, I'll wait and see where the 1hr candle closes, 50 mins left to go.
Trade what you see, not what you think.
  • #41,726
  • Oct 18, 2007 1:11pm Oct 18, 2007 1:11pm
nice drop. needs to break 236 to hit most t/p.
  • #41,727
  • Oct 18, 2007 1:13pm Oct 18, 2007 1:13pm
bearish butterfly pattern on GU is causing this drop in GJ.
Trade what you see, not what you think.
  • #41,728
  • Oct 18, 2007 1:14pm Oct 18, 2007 1:14pm
It is just resting on my trendline, with the 200 average below. I have my long SL just under the 200.

Cpreacher
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  • #41,729
  • Oct 18, 2007 1:14pm Oct 18, 2007 1:14pm
Quoting karmostaji
bearish butterfly pattern on GU is causing this drop in GJ.
I was thinking that I will go short if it breaks 236 and ride on down to that 235.5 area, you think this is wise?
  • #41,730
  • Oct 18, 2007 1:14pm Oct 18, 2007 1:14pm
Quoting Zoran
Don't worry, I am in the same boat as you. It's a completely different style of trading and from what I have seen, very successful. It's on my to-do list so I will research it at some stage. My timing generally stinks so I try to rely on others.

Here is the guy's journal if you are interested. He thinks it's going up (but he keeps changing his mind).

http://www.fxsurfer.com/forums/showthread.php?t=92
It is unfortuante, fxsurfer had several successful mentors, but decided to move on and start his own community before the lessons were complete. May this be a warning to anyone looking to learn from a mentor, do not move on before the lessons are done. If you do and try to use the strategies and techniques without a complete understanding of how it all fits together you will find yourself wavering back and forth making directional calls that will put your trading ability(not to mention your account) in question.
  • #41,731
  • Oct 18, 2007 1:14pm Oct 18, 2007 1:14pm
if 236 gives the S1 at 235.78 and S2 at 234.32 are next
Patience + Humility + Study = Success
  • #41,732
  • Oct 18, 2007 1:22pm Oct 18, 2007 1:22pm
Quoting DutchTrader
if 236 gives the S1 at 235.78 and S2 at 234.32 are next
S1 and S2? support? if so dont bother explaining because I understand support and resistance.
  • #41,733
  • Oct 18, 2007 1:25pm Oct 18, 2007 1:25pm
Quoting Zoran
Some people also claim Gann died broke!
It was claimed by Larry Williams based on the comments of Gann's estranged son. But I would caution anyone to make assessments only on the above notion. Gann had an office in NYC, seats on several exchanges, and sold his courses for what would be the price of a house today. If they did not have a shred of truth and tradability, someone who most certainly have exposed him as a charlatan in his lifetime. To date, this is no such record of a lawsuit or attempt to expose him as a "snake oil salesman" until well after his death. Because we do not understand or accept the truth does not mean it doesn't exist. As for Gann's estranged son, I did read an article whereby he denied his allegations to Williams citing his lack of participation in Gann's estate distribution, but I am unable at this time to quote it directly, for what it is worth.
  • #41,734
  • Oct 18, 2007 1:26pm Oct 18, 2007 1:26pm
Ok, just some "wild" predictions for the next session, "Gann analyses", if they don't work blame Gann, not me please, just a messenger, euro will sell off, could be a correction, will have to see, same thing with the pound, could be extended correction short term, guppy should drop, violently (I think, this is personal) to about 234.15- 234.50 area. And then we might see the short term reversal up, let's see, all criticism is welcomed...
  • #41,735
  • Oct 18, 2007 1:27pm Oct 18, 2007 1:27pm
I need to know if there is any way for when be activated the arrow of the MT4 LEVELSTOPREVERSE-V1 activate an alarm.

Thanks
  • #41,736
  • Oct 18, 2007 1:29pm Oct 18, 2007 1:29pm
oanda spreads have been increased more than usual at this hour... and more than 30 minutes for next news. speechs..
could be a sign of big movements to happen... poor trendline....
  • #41,737
  • Oct 18, 2007 1:30pm Oct 18, 2007 1:30pm
Quoting gene22
Ok, just some "wild" predictions for the next session, "Gann analyses", if they don't work blame Gann, not me please, just a messenger, euro will sell off, could be a correction, will have to see, same thing with the pound, could be extended correction short term, guppy should drop, violently (I think, this is personal) to about 234.15- 234.50 area. And then we might see the short term reversal up, let's see, all criticism is welcomed...
what makes you think the g/y is going to fly through 2 resistances? and what made you pick the 234 area? This is not sarcasm mere bewilderment.
  • #41,738
  • Oct 18, 2007 1:31pm Oct 18, 2007 1:31pm
Quoting haliker
S1 and S2? support? if so dont bother explaining because I understand support and resistance.
Yep, support
Patience + Humility + Study = Success
  • #41,739
  • Oct 18, 2007 1:32pm Oct 18, 2007 1:32pm
Quoting DutchTrader
Yep, support
thanks and I hope I didnt sound rude, just didnt want you to have to try and spell out everything for me.
  • #41,740
  • Oct 18, 2007 1:37pm Oct 18, 2007 1:37pm
Quoting ActioReactio
It was claimed by Larry Williams based on the comments of Gann's estranged son. But I would caution anyone to make assessments only on the above notion. Gann had an office in NYC, seats on several exchanges, and sold his courses for what would be the price of a house today. If they did not have a shred of truth and tradability, someone who most certainly have exposed him as a charlatan in his lifetime. To date, this is no such record of a lawsuit or attempt to expose him as a "snake oil salesman" until well after his death. Because we do not understand or accept the truth does not mean it doesn't exist. As for Gann's estranged son, I did read an article whereby he denied his allegations to Williams citing his lack of participation in Gann's estate distribution, but I am unable at this time to quote it directly, for what it is worth.
Just to clarify, his method is extremelly complex and involved, it's not quack, but there are very, and I repeat very few people that really masterd it, everybody else is a sharlatan using fancy words. As for a claim that he died broke you can read his biography, it's quite a read, he did die broke, because he, in the end had thaught that he was right, and not the market, basically instead of following the market, he became so good, and yes he was at one point, good, that he decided that he was right and the market was wrong, oops. He was old though, in any case he was a genious, but belive me u will not learn his method from a book, unless you are a genious yourself. A lot of things are written between the lines, someone who posesses such skill is very rare.
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